Organization Reward and Motivation - 2162 Words

Organization reward and motivation Introduction Motivation Definition Motivating behaviors Individual characteristics and motivation Money as motivation Pay and motivation Pay administration Pricing job Wage and salary surveys Pay range 10.Evaluating the results of pay for performance Reward Definition Equity in reward Compensation as reward Objectives of compensation management Basic aspects of compensation Challenge affect compensation Merit of reward Relationship between reward and motivation Conclusion Reference Money as motivator The issue on money as a motivator first needs clear understanding on†¦show more content†¦In the long run all lasting motivation is self-motivation. In connection to this, the important thing that mangers must maintain is understanding each employee needs and how they pursue the fulfillment of those needs, keeping in mind that at all times all people are seeking need satisfaction and that a fully satisfied need doesn`t motivate behavior. Once a need is satisfied its no longer a motivator, but the level at which its satisfied must be maintained improved or it will become a dissatisfier. This is precisely why a periodic pay increase seems so important to an employee -- the increase thats granted does little or nothing to motivate the person to perform, but if the increase isnt forthcoming then pay becomes a dissatisfier. From the above point what we understand is motivating forces are of course largely psychological in their influence, so as long as pay is perceived a fair and theres a reasonable sense of job security it should follow that lasting motivation comes mostly from the fulfillment of psychological needs and little from material rewards. In general, the most effective obtainable means of motivating employees are recognition, respect, inclusion, fair treatment, and satisfying and fulfilling work than pay (money). Pricing job Before continuing our discussion on job evaluation it is better to understand what we mean salary and benefit. Salary is aShow MoreRelatedMotivation - Extrinsic and Intrinsic1014 Words   |  5 Pagesï » ¿ ESSAY #2 Motivation: Extrinsic to Intrinsic Motivation is a key factor in determining business success or failure. Successful organizations relentlessly seek to operate with a clear understanding of employee needs , and develop specific focus’ on how to meet them. Two key theories in organizational motivation are expectancy theory and equity theory. Both theories focus on the outcomes of a given decision or system rather than on individual employee needs. The goal of both processRead MoreTypes of Motivation1118 Words   |  5 PagesMotivation is defined as the accumulation of different process which influence and direct our behavior to achieve a goal (Negussie, 2012). According to Deci, there are two broad classes of motivation, which are intrinsic motivation and extrinsic motivation. He states: â€Å"A person is intrinsically motivated if he performs an activity for no apparent reward except the activity itself. On the other hand, extrinsic motivation refers to the performance of an activity because it leads to exter nal rewardsRead MoreThe Best Way to Increase Work Motivation for an Organisation Is Through Financial Rewards. Discuss.1711 Words   |  7 Pagesidentify the effects of financial rewards on the work motivation of an organization and also whether or not this system of reward can cause an increase in the levels of work motivation already present in the organization. It furthermore aims to discuss weather Financial Rewards are the best way to increase the work motivation present. Although the essay shall primary be focused on Financial Rewards and Work Motivation, other factors that may have an effect on work motivation shall be discussed. For thisRead MoreThe Link Between Performance and Reward Management1061 Words   |  4 Pagesï » ¿Performance and Reward Management: Performance management is an important organizational aspect that is geared towards developing people with necessary competencies and commitment for working towards the achievement of common organizational goals. As a result, the frameworks of this component are developed in order to enhance both individual and organizational performance. This is done through identifying performance needs, providing regular feedback, and helping individuals in their career developmentRead MoreThe Theory Of Motivation As Defined By Vroom ( 1964 )901 Words   |  4 PagesIntroduction In recent years, organizations have shown an interest in addressing the subject of employee attitude regarding their jobs and tasks. Many leaders believe that motivation is a key factor in keeping employees on a path to achievement in the workplace. Motivation as defined by Vroom (1964) is the force impelling an employee to perform a particular action. Theories of motivation started to be developed following World War II. Prior to this time, organizations had not shown any concern orRead MoreInfluence Of Organizational Behavior : An Organization977 Words   |  4 Pagesbetween job satisfaction, motivation and performance and has developed a strategy to enhance each one of these organizational performances. These factors can determine the success or failure of an individual, as well as an organization as a whole. Managers must increase their employee satisfaction by sustaining a fair work environment, motivate employees by offering opportunities for career advancement, and enhan ce performance of employees by implementing a satisfying reward system. â€Å"Employees withRead MoreHrm595Proposal Plan, Part Iv1081 Words   |  5 PagesPart III The purpose for the organization Walgreens is to stay put in a dynamic, self-motivated and energetic business environment. Walgreens is a successful business looking to progress overall presentation and place the company for potential expansion. In order for this to follow through, a total rewards program needs to be created. The incentives and compensation plan must connect with the goals of the organization. A solid rewards program will build motivation in the work place. As the textRead MoreIntroduction. Sns Is A Marketing And Public Relations Company1544 Words   |  7 PagesRelations Company committed to delivering industry savvy public relations services to clients globally. Our mission is to provide world leading strategies that will help create and maintain mutually beneficial relationships with individuals and organizations vital to their growth and development. It is therefore essential that the company provides an atmosphere of leadership, expertise and services that enhance the quality and effectiveness of client’s communications projects and programs. As suchRead MoreEssay about Issues with Job Status Rewards996 Words   |  4 PagesThe goal of job status rewards is to compensate employees for their individual job performance. Specific examples of these rewards include profit sharing, bonuses, and stock options. Associates are rewarded based on the condition of the roles they occupy. These rewards are distributed through job evaluation methods. Job evaluations analyze the performance of an individual in the workplace. Typically, evaluations distribute more credit to jobs that demand a higher level of effort and responsibilityRead MoreDesigning a Reward System Essay1064 Words   |  5 PagesDesigning A Reward System ANONYMOUS HSM AU COLLEGE page 1 A good manager or supervisor will implement a reward system. Employee award systems are used for motivation to ones employees, with the goal being not to just meet expectations but to exceed them performing at their best capabilities. This system includes all benefits monetary and non-monetary that proves to be worth something to the employee. Implementing a reward system for a human services organization will help ensure basic

Emily Dickinsons My Life Had Stood a Loaded Gun Essay

The primary literary strategy in Emily Dickinson’s â€Å"My Life Had Stood – a Loaded Gun†, is a metaphor of a gun and its master which is used to represent a wife and her husband. This metaphor is used to illustrate an unbalanced relationship where the wife is objectified and lacks agency. The wife reduced to an object which is at the disposal of her hunter/master/husband. The gun narrates the poem and it takes pleasure in expressing its power to kill. The poem presents the challenge of identifying who the speaker is and who the gun metaphorically represents (Forman). To help solve this riddle, Angela Estes asks, â€Å"For whom in the nineteenth century would pleasure and power be problematic should they be expressed?†. A female speaker is the†¦show more content†¦The poem describes the hunter/husband and gun/wife lives together as they roam the woods and hunt doe. The gun/wife propels her husband to loftier heights with her power (Palmerino). In contrast to her life prior life in the corners where she sat unnoticed, when the gun/wife now speaks â€Å"The Mountains straight reply -†. In other words, when the gun is fired there is a echo. Now she can be heard and her power can be felt. She has an effect on her surroundings. This can allude to how as a married women, the wife now has a higher social status and is more likely to be taken seriously and listened to. In the fifth section, the gun comes to the peak of her power and sounds like she has autonomous agency, or as Vendler describes it, the gun takes a â€Å"grammatically independent action† (319). The speaker says that â€Å"I lay a Yellow Eye† as if she is doing something on her own. However, guns cannot kill people; they cannot pull their own trigger. In this gun/master metaphor, the wife/gun is an object entirely reliant on other people to give direction and purpose in her existence. Therefore, the action is only seemingly independent and is perhaps a sign a wishful thinking on the gun/wifes part to not view herself as dependent. When the wife/gun does seem to realize how dependent she is, she becomes almost frantic. She says the hunter/husband must live long than her because â€Å"I have the power to kill, / WithoutShow MoreRelatedEmotion in Emily Dickinsons â€Å"My Life had stood – a Loaded Gun†1109 Words   |  5 P agesThis poem was written by American poet, Emily Dickinson, who was born in the 1800. This was the period where art was based on emotion; the â€Å"Romantic Period†. She was also born in the Victorian Era, where women had to be shackled to their pedestals and most had to be married by age eighteen. They were not allowed to vote, or earn money. This information should help the reader better understand the poem. When writing the poem â€Å"My Life had stood—a Loaded Gun† Dickinson thought of what format to useRead More`` It Was Not Death, For I Stood Up, By Emily Dickinson1728 Words   |  7 Pagesa specific focus on Emily Dickinson’s link of mental illness to reclusiveness within her works titled â€Å"It was not Death, for I stood up,† â€Å"After great pain, a Formal feeling comes,† â€Å"I dwell in Possibility,† â€Å"My Life had stood—a Loaded Gun,† and â€Å"Tell all the Truth but tell it slant†.† Emily Dickinson is one of the most influential female poets of the 19th century. Born in Amherst, Massachusetts in 1830, Dickinson began her life as a normal child. Growing up, Dickinson had more opportunities thanRead MoreMy Life Had Stood a Loaded Gun by Emily Dickinson Essay804 Words   |  4 PagesMy Life Had Stood a Loaded Gun by Emily Dickinson Today, few would deny that Emily Dickinson is an important figure in American literature. The numerous ways to interpret her poetry draws more and more readers into her publications. Its as if everyone could interpret Dickinsons poems into his or her personal life; seeing the poems the way they want to see it. This is the effect flexible poems have on people. In Dickinsons My Life Had Stood#8212;A Loaded Gun, I interpreted theRead MoreEmily Dickinsons Capitalization and Punctuation1251 Words   |  6 PagesThe poetry of Emily Dickinson is one of the most recognizable of the 19th century. Dickinson’s poetry stands out because of its unconventional use of capitalization and punctuation. Her poems contain capitalized words which are not normally capitalized. Her poems are noted for the frequent use of the dash. Literary scholars have attempted to interpret Dickinson’s unconventional capitalization and punctuation. Some believe that it was merely part of Dickinson’s penmanship (Weisbuch 73). They thereforeRead MoreFight For Agency By Emily Dickinson985 Words   |  4 PagesFight for Agency Emily Dickinson’s poems predominantly portray the confinements placed on married women and illustrate the doubts that come along their role as a â€Å"wife†. In many of her poems, the speakers present a strong opinion about the lack of independence and autonomy women receive when they get married. Given the fact that Dickinson was born in the 1830’s, women in that era were consecutively facing massive oppression and were treated lesser than men. Consequentially, the societal norms greatlyRead MoreFemale Oppression By Emily Dickinson And Charlotte Perkins Gilman1729 Words   |  7 Pagesof male oppression. Especially towards the end of the 19th century, before the first wave of feminism, women were faced with an unshakeable social prison. Husband, home and children were the only life they knew, many encouraged not to work. That being said, many female writers at the time, including Emily Dickinson and Charlotte Perkins Gilman, were determined to examine the mind behind the American woman, through the lens of mental illness and personal experience. This essay will compare the workRead MoreBibliography Relation to Analysis of Emily Dickinson ´s Writings2048 Words   |  8 Pages Anderson, Paul W. The Metaphysical Mirth of Emily Dickinson. Georgia Review 20.1 Spring 1966): 72-83. Rpt. in Nineteenth-Century Literature Criticism. Ed. Jessica Bomarito and Russel Whitaker. Vol. 171. Detroit: Gale, 2006. Literature Resource Center. Web. 14 Feb. 2014. Anderson accomplishes the discernment of Dickinson’s poems and their allusions to many classic myths. He denotes the figurative language that Dickinson utilizes in her poetry to relate to her themes. With these key elements inRead MoreEssay on A poem and a loaded gun1111 Words   |  5 Pages A Poem and a Loaded Gun The post civil war era was wrought with sexism and backwards thinking. Emily Dickinson was born in 1830, wrote 1800 poems in her lifetime. She has become known for unfolding the social boundaries surrounding women in this time period. Most of her life was shrouded in seclusion and mystery. In the realm of poetry, authors are creative with their usage of literary techniques in order to illustrate their point of view to the reader. Emily Dickinson is especially known for herRead More The Life Of Emily Dickinson Essay799 Words   |  4 Pages The Life of Emily Dickinson nbsp;nbsp;nbsp;nbsp;nbsp;Although she lived a seemingly secluded life, Emily Dickinsons many encounters with death influenced many of her poems and letters. Perhaps one of the most ground breaking and inventive poets in American history, Dickinson has become as well known for her bizarre and eccentric life as for her incredible poems and letters. Numbering over 1,700, her poems highlight the many moments in a 19th century New Englander womans life, includingRead MoreAnalysis Of Emily Dickinson s Poem My Life Had Stood- A Loaded Gun 993 Words   |  4 PagesEmily Dickinson is a very famous and accomplished poet with over 1700 published poems. Several of her poems are similar in theme, and also similar in bringing out human emotions that we humans usually try to avoid. The common theme in most of Dickinson s poems is the wonders of nature, and the identity of self, as well as death and life. The five poems with the common theme of death are: â€Å"My Life had Stood- A Loaded Gun†, â€Å"I Heard A Fly Buzz- When I Died†, â€Å"Behind Me Dips- Eternity†, â€Å"Because I

Dells Working Capital Business Case free essay sample

A different way to calculate the DSI: Average Inventory / (Annual Cost of Goods Sold / 365) DSI of 1994: (220. 000. 000+293. 000. 000/2) / (2440. 000. 000/365) = 38 DSI of 1995: (293. 000. 000+429. 000. 000/2) / (2737. 000. 000/365) = 48 Question 5: KennisInzichtToepassen xx 10 punten Please motivate why Dell probably used the following formula for calculating their DSI? Question 6: KennisInzichtToepassen xxx 20punten In the case is mentioned â€Å"As new technology replaced old, the prices of components fell by an average of 30% per year† (page 2). What would be the inventory loss for Dell for 1995, if they would operated at the DSI level from Compaq? (please show the full calculation and formula’s used) Question 7: KennisInzichtToepassen xx 20punten Please motivate how Dell’s working capital policy was a competitive advantage. Dell used its working capital policy as a competitive advantage by reducing the amount of WIP and finished goods inventory in its system. As a result of maintaining a minimum amount of inventory, Dell reduced its need for inventory financing, warehousing and inventory control. Dell kept its accounts payable (A/P) account to a minimum volume by waiting until the customers order was received before placing the â€Å"release† order with their suppliers. We will write a custom essay sample on Dells Working Capital Business Case or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Dell’s suppliers were all located very close to Dells manufacturing plants, and made daily deliveries to Dell based on just-in-time delivery. By not receiving the parts until the last minute, Dell kept both its inventory and its accounts payable to a minimum. On the sales side, Dell took orders directly from consumers who normally pay with a credit card online, or over the phone. Because Dell waited until they received the order from the customer to start building the computer, Dell kept the CCC (cash conversion cycle to a minimum). If Dell were to operate at Compaq’s DSI level, we estimate that Dell would have to increase its 1995 inventory from $293m to $668m, which is an increase of $375 million. This would mean that Dell would have needed to invest in $668 million in inventory. I believe that the main reason that Dell was able to maintain such a low level of inventory compared to their competition has a direct result of their competitive strategy to maintain a minimum level of inventory. From Dells perspective, there is a competitive advantage to maintaining a low level of inventory in case of a technology change. Because they have less WIP and FG inventory, Dell is better positioned to take advantage of quickly changing technology (processors, for example). If technology were to reduce 30% of the inventory value, Dell would be better off with a lower quantity of inventory which has to be written down. If the inventory were based on Compaq’s DSI number ($668m in inventory), then the write off would need to be $112 more. (30% of $668-$293). On the other hand, there are some disadvantages to having a low level of inventory on hand, as was shown by Dell in 1996 when they indicated that sales could have been higher if they would have had additional inventory in stock. Sometimes you might have to forfeit sales if you keep your inventory level too low, and can not deliver quick enough to your customers. Dell’s competitve advantage 1)Conversation of capital due to lower inventory holding Compactdell DSI in 957332 Cost of sales of dell in 95 = 2736 m Additional inventory at compaq’s DSI = 2737 * 73-32 / 360 = 312 milion 2) Reduced obsolescence risk and lower inventory cost Component cost can reduce by 30% a year as new technology is introduced. †¢Inventory as % of COS – Dell (8. 9%) and Compaq (20. 3%) †¢Inventory loss due to 30% reduction in price – Dell (2. 7%) and Compaq (6. 1% of COS) †¢Comparative increase in profit in Dell in 96 = $2. 7 billion *(6. 1%-2. 7%) = $93 million 3)Quicker adoption of new technology †¢Dell’s low inventory levels resulted in fewer obsolete components as technology changed. †¢While Compaq had to market both new and older systems due to high levels of inventory, Dell could offer new and faster systems quickly due to low inventory and build-to-order models. Sources used: